Hello all .
Currently in Bahrain, My apologies for not posting but I am unable to due to work loads.
Many emails I've received regarding the metals crash.
I fail to understand why people are freaking out as at the start of the year we clearly stated both the fundamental reasons and the astrological reasons why you should either sellout all metals positions or hedge your trades.
Same with the commodity currencies also.
Once Europe takes the same pill as the Japanese the safe heaven buying in both the A$ and C$ will no longer be the case.
Its not surprising to see the metals correcting and no one should be surprised if Gold starts looking at the $1000 mark or lower.
If it wasn't for the Cyprus issue this would have come earlier.
Go back and read previous posts.
Note how the Feds brokers are doing the selling!
If anyone can remember the Germans want there gold back, Does the FED have it?
Or is this part of the plot to buy it on the spot market cheap to deliver it?
Create the fear day after day, then sit back and mop it up as everyone shits themselves.
Be smart..
To the technical traders I'm pretty sure the technicals where oversold on Friday and today it slides another $100 plus.
Might slide $150 by the day is out..
Yes and where are the clowns with there $2000, and $3000 forecasts.
Look at whats going on, deflation doesn't exist, that's why the metals are no longer a preservation of capital source.
In the market sure we are going to get corrections but it doesn't matter how you put it or what you think, the S&P is cheap. at 15 times earning it every cheap.
There making money and there also increasing dividends.
So be aware of it.
In Europe there loosing money
In Asia there's dead growth.
The only place where companies are making more money is in the US, so please be careful.
To the grain and soft traders while I still see positives for both the fact is that hedge funds will sell out no matter what to cover losses and margin calls so be careful.
I'm going to be in Bahrain for another 3 months before being able to post more regular.
Till then it will be difficult to post or reply to your emails.
The famous words
CHANCE COMES TO THE PREPARED MIND.
Currently in Bahrain, My apologies for not posting but I am unable to due to work loads.
Many emails I've received regarding the metals crash.
I fail to understand why people are freaking out as at the start of the year we clearly stated both the fundamental reasons and the astrological reasons why you should either sellout all metals positions or hedge your trades.
Same with the commodity currencies also.
Once Europe takes the same pill as the Japanese the safe heaven buying in both the A$ and C$ will no longer be the case.
Its not surprising to see the metals correcting and no one should be surprised if Gold starts looking at the $1000 mark or lower.
If it wasn't for the Cyprus issue this would have come earlier.
Go back and read previous posts.
Note how the Feds brokers are doing the selling!
If anyone can remember the Germans want there gold back, Does the FED have it?
Or is this part of the plot to buy it on the spot market cheap to deliver it?
Create the fear day after day, then sit back and mop it up as everyone shits themselves.
Be smart..
To the technical traders I'm pretty sure the technicals where oversold on Friday and today it slides another $100 plus.
Might slide $150 by the day is out..
Yes and where are the clowns with there $2000, and $3000 forecasts.
Look at whats going on, deflation doesn't exist, that's why the metals are no longer a preservation of capital source.
In the market sure we are going to get corrections but it doesn't matter how you put it or what you think, the S&P is cheap. at 15 times earning it every cheap.
There making money and there also increasing dividends.
So be aware of it.
In Europe there loosing money
In Asia there's dead growth.
The only place where companies are making more money is in the US, so please be careful.
To the grain and soft traders while I still see positives for both the fact is that hedge funds will sell out no matter what to cover losses and margin calls so be careful.
I'm going to be in Bahrain for another 3 months before being able to post more regular.
Till then it will be difficult to post or reply to your emails.
The famous words
CHANCE COMES TO THE PREPARED MIND.
